News

  • Iran to announce presidential candidates

    Speculation mounts that prominent politicians Akbar Hashemi Rafsanjani and Esfandiar Rahim-Mashaei have been barred from the election - May 21, 03:07pm

  • Chiefs talk up India-China trade target

    While some notable agreements have boosted ties, in other ways the story of the corporate links spanning the two Asian powerhouses is less happy - May 21, 02:42pm

  • India IT groups struggle to woo China

    Attempts to win outsourcing deals have proven tough because costs in China are more or less on a par with India for IT services - May 21, 02:19pm

  • China boost lifts Burberry sales to £2bn

    Luxury goods group is targeting development in emerging markets such as China and Latin America as it shifts focus away from wholesale - May 21, 10:33am

  • China pledges boost to India trade

    Li Keqiang promises to open his country’s markets to Indian goods to help narrow India’s gaping bilateral trade deficit and boost mutual commerce - May 21, 10:33am

  • Guatemala court overturns genocide ruling

    The ruling forcing proceedings to backtrack throws into disarray the trial that had issued a historic guilty verdict against former dictator Efrain Rios Montt - May 21, 09:48am

  • Poor planning undermines Indonesia’s growth

    Poor planning, land acquisition problems and lack of co-ordination puts on hold crucial infrastructure developments across the country - May 21, 09:11am

  • Argentine soyabean farmers return to market

    The slow flow from Argentina, which accounts for 10% of the world’s soyabean exports, has kept markets tight but is likely to increase - May 21, 07:20am

  • North Korea releases Chinese fishing boat

    Boat owner says no ransom was paid despite an earlier report that Pyongyang had demanded $97,000 for the release of the vessel and its 16 crew - May 21, 06:41am

  • Armani operating profit up 20% to €339m

    Giorgio Armani says the Italian fashion retailer plans to continue its growth focus on China where sales jumped 39 per cent and emerging markets - May 21, 12:04am

  • Partnerships: Exploration of fresh territory ought not divert attention from home

    Emerging markets and domestic relevance make for good strategy, says Johanna Kassel - May 20, 11:59pm

  • Obama and Xi plan talks to calm rivalry

    The leaders will meet for two days at a luxury California ranch for private talks aimed at trying to establish common ground after an awkward period - May 20, 11:49pm

  • Gulf funds bypass private equity

    State-backed funds are boosting their investment directly in unlisted companies and bypassing private equity funds for higher returns, says report - May 20, 10:28pm

  • Little to celebrate in lowball ENRC offer

    The consortium already has control of the company with a 56% stake and no legal obligation to raise its offer, but there is a moral element - May 20, 09:49pm

  • Ugandan newspaper raided over plot claim

    Swoop by police brings complaints of threat to free press from President Yoweri Museveni, who came to power 27 years ago embracing democracy - May 20, 09:05pm

  • China steps up Caribbean strategy

    Policy makers welcome Beijing’s interest, but the islands’ economic attractions are dubious and could raise questions over China’s political intentions - May 20, 08:59pm

  • Cheap money is still scarce in the Brics

    Far from fighting off foreign capital, leaders from India to South Africa are struggling to attract a greater share of global capital flows - May 20, 06:39pm

  • EM company borrowing costs tumble

    Corporates have been taking advantage with $153bn worth of issuance this year, which is the highest on record and more than the $92bn in the same period last year - May 20, 05:17pm

  • Construction workers strike in Dubai

    Arabtec, one of the contractors that built the tallest tower in the world, said the company is ‘working to resolve the situation as quickly as possible’ - May 20, 04:53pm

  • N Korea launches two more missiles

    Seoul condemns Pyongyang for stoking tension in the region with what it calls ‘military exercises’. Beijing, North’s sole major ally, urges restraint - May 20, 04:44pm

  • Shine is coming off Brazil for investors

    Critics say President Rousseff’s strategy is leading to slow growth and excessive government intervention, but hope the country’s pragmatic streak will prevail - May 20, 04:39pm

  • Gold: Chinese and Indian demand

    Bulls betting on Chinese and Indian demand must understand the caveat that this dynamic is not as straightforward as it sounds - May 20, 04:02pm

  • Danone targets China with Mengniu deal

    Danone will invest €325m in two joint ventures for small stakes in Mengniu and its yoghurt business, in an effort to turn round its fortunes in China - May 20, 12:51pm

  • Stanford extends teaching overseas

    The graduate school of business at Stanford University is to teach its Californian innovation and entrepreneurship programme overseas - May 20, 10:55am

  • Indonesia names Basri as finance minister

    President Yudhoyono has appointed investment chief Muhammad Chatib Basri as finance minister as Indonesia faces concerns over slowing economic growth - May 20, 10:40am

Blog

Filter by specific countries or regions

By Erik Berglof of the EBRD Chief Economist

The latest forecasts show that central Asia and the Caucasus are again the fastest-growing economies in the former Communist countries of eastern Europe and the ex-Soviet Union.

Yet, given the low level of income and relatively high population growth of these countries, the numbers are disappointing. On closer inspection growth is also narrow, mainly stemming from natural resources and remittances from citizens working abroad; countries less endowed with resources are doing worse. Economic reforms are mostly stuck, as are, with a few exceptions, political reform. Continue reading »

Russia the next Greece? It sounds like a long shot. But Russia the next Greece as the subject of a report from an investment bank that specialises in marketing Russian assets? That sounds like a shot in the foot. But it is precisely what Ivan Tchakarov of Moscow-based Renaissance Capital published on Tuesday. And he has solid arguments to support his self-destructive thesis. Continue reading »

One of the world’s largest fixed income fund managers expects Asia’s growing energy shortage to lead to investment opportunities in the credit markets.

Pimco, the US-based manager with $2.04tn in assets under management worldwide, said in a report released in Hong Kong on Tuesday that more oil and gas companies in Asia would tap the bond market, often to finance acquisitions outside the region as they come to terms with energy shortages caused by declining indigenous resources and increasing domestic consumption. Continue reading »

There’s a big test this week for investors eyeing India’s growing internet industry.

Justdial, the Indian local search engine, is coming to market with an initial public offering that follows several other IPOs that haven’t done too well lately. It’s a challenge for the company and for prospective share-buyers. Continue reading »

* China pledges boost to India trade
* Qatar snaps up stakes in key lenders
* IMF calls for more Middle East reforms
* Blackstone leads buyout bid for US-listed Chinese group
* Goldman Sachs sells final $1.1bn piece of Chinese bank Continue reading »

Yum or yuk?

If the UN’s Food and Agricultural Organisation has its way, celebrity chefs will soon be whipping up a dish of dried crickets, rather than strawberry fondue.

Insects may not look particularly appetising, but they could provide a solution to the world’s looming food crisis. And the FAO’s shining example? Thailand. Continue reading »

Tuesday’s picks from beyondbrics: why minorities in ENRC deserve more; what gold is really telling us; how Asian hoteliers are luring Chinese tourists; and what Kenyan banks can do for Kenya. Continue reading »

Nobel laurate Mo Yan 2013What is a Nobel Prize worth in the Beijing property market? Not very much if Nobel-winning Chinese author Mo Yan’s experience is anything to go by.

Chinese media reports say Mo (pictured) has bought an apartment on the far outskirts of the Chinese capital that they estimate will have cost him about half his Nobel prize money of $1.2m. Continue reading »

As Russia’s economy slows, one name comes up more and more in conversations – that of Alexei Kudrin, the former finance minister who either resigned or was sacked, depending on whom you talk to, in September 2011.

Kudrin has an unrivalled reputation for economic management, earned in more than a decade in office, before he fell foul of a rivalry with Dmitry Medvedev. Medvedev, who was president at the time and is now prime minister, accepted Kudrin’s resignation after Kudrin publicly said he wouldn’t work with Medvedev. Continue reading »

Rain washed out the inaugural anniversary celebration for Taiwan’s president Ma Ying-jeou; forecasts for full-year economic growth are being cut; and two of the country’s fighter jets have crashed during training exercises in the last week.

But there could soon be at least one bright spot in the gloom for Taiwan. Legislators are trying to lighten an unpopular transaction tax that has weighed on the local market since it first passed last year. Continue reading »

* China steps up Caribbean strategy
* Middle East sovereign wealth funds bypass private equity funds
* Sluggish Thai growth deepens fears of wider Asian slowdown Continue reading »

Almost a year after America Movil, the largest telecom company in Latin America, made its first acquisition in the US prepaid cellphone market, when it bought Simple Mobile, the company has done it again.

On Monday, it announced the purchase of Start Wireless Group, another mobile virtual network operator (MVNO) that will add 1.4m subscribers to TracFone Wireless, America Movil’s US subsidiary. Continue reading »

With consumer defaults on the rise and confidence among shoppers at a three-year low in Brazil, the nerves are starting to show.

Chaos broke out across at least 12 states over the weekend after rumours spread that the government was planning to suspend the nationwide Bolsa Família social welfare programme. Continue reading »

By Samuel George of the Bertelsmann Foundation

They come by it honestly. Much like their European relatives, Latin American leaders have a sweet tooth for the summit, the annual meeting and the commission. Lofty goals and promises of solidarity are sealed with vigorous handshakes, bear hugs and kisses on the cheek. But beyond the ubiquitous photos of smiling presidents, few concrete achievements emerge from these gatherings.

In theory, inchoate integration projects abound, from the regional Mercosur to the continental Unasur. In fact, the dream of a more unified Latin American has progressed little since Simon Bolívar crisscrossed the Andes in the early 19th century. This could be changing. Continue reading »

The latest bout of trouble in South Africa’s mining industry entered its second week on Monday with the country’s gold stocks index hitting an almost 12-year low and the rand down at levels last seen four years ago. Continue reading »

BB: time to register

Dear beyondbrics readers,

After more than three years of fully open access, we are taking the step of asking our readers to register on FT.com to read our articles. Beyondbrics will still be free but we'd like to know a bit more about you, our readers. Other FT blogs (including Alphaville) already do the same thing. Registration is active on beyondbrics from May 6.

Many of you are already registered on FT.com, or are subscribers - in which case, if you are logged in to the site you will not notice any difference. Just carry on as before.

For those of you not yet registered, it's a simple process which only takes a few moments.

Reading beyondbrics articles will NOT deduct from your free monthly quota of stories on FT.com.

Many thanks

Stefan Wagstyl, emerging markets editor

Global equities macromap

beyondbrics

The emerging markets hub

About this blog Headlines email Blog guide
News and comment from more than 40 emerging economies, headed by Brazil, Russia, India and China.



'Like' our beyondbrics Facebook page, where we showcase a top story of the day
Sign up for our news headlines and markets snaphot service. We have two emails per day - London and New York headlines (sent at approx 6am and 12pm GMT).

Pretty much everything you need to know about beyondbrics is in our About this site page. But briefly:

To comment, please register for free with FT.com and read our policy on submitting comments.

There is an overall beyondbrics RSS feed, as well as feeds for all our countries, tags and authors. Learn more in our full RSS guide.

All posts are published in UK time.

Get in touch with us - your comments, advice and even complaints. Find out how to contact the team.

See the full list of FT blogs.

BB shortcuts

Regulars Series Archive
Chart of the week
Behind the numbers

Corporate watch
A regular in-depth look at a significant emerging market-based company

The Weekender
Catch up with the week in emerging markets
Hello 2013
Guest posts on the outlook for the year ahead

2012 review
Quiz, charts, most read and more

BB review
An occasional series reviewing books and arts from around the beyondbrics world

Brics at 10
A decade of growth
12 for 2012
Guest writer predictions
2011 review
The year in numbers
The Diaspora Digest
EM diasporas, seen through their community media (Oct-Nov 2011)
Sick brics (Sep 2011)
Brics and mortar (Aug 2011)
Beyondbrics on the beach (Jul-Aug 2011)
China bubble? (June 2011)
Post-election Nigeria (June 2011)
Hey bric spender (Aug 2010)

Emerging markets data

Archive

« AprMay 2013
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031